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WACC calculation
For WACC, I assumed MRP as 5% and beta calculated from the exhibit 9 of the
betas. For beta calculation I have taken average unlevered beta which is given and
for D/E ratio, I took average Debt and average equity.
Formula to cal. Levered beta= unlevered beta*(1+ (1-tax)D/E ratio).
Risk free rate and cost of debt are given. For cost of equity I used CAPM model.
WACC= D/V*Kd(1-tax)+E/V*Ke = 5.7%